Turnkey, fully gut-renovated 4-family investment property located in the heart of Ridgewood. This exceptional income-producing asset offers approximately $208,800 annual gross income and is conveniently located just minutes from the L train, providing easy access to Manhattan, including Union Square, East Village, and Downtown Brooklyn.Completely renovated from top to bottom, the property features modern finishes and quality construction upgrades designed for long-term durability, low maintenance, and strong rental appeal. Situated in one of Ridgewood's most desirable rental neighborhoods with consistent tenant demand.Unit Configuration:(2) Duplex-style 3-bedroom, 2.5-bath units with private backyard access(2) Spacious 3-bedroom, 2-bath unitsModern kitchens and updated bathrooms throughoutIn-unit washer and dryer in every apartmentSeparate utilities; tenants responsible for heat, gas, and electric where applicableProperty Highlights:Full gut renovation> >Sound-insulated walls and floor assemblies between units>Oversized new windows providing abundant natural light>High-end appliances and contemporary interior finishes>Transit-oriented location with strong rental demand>Attractive opportunity for long-term income-oriented investors>Approximate 6.82% cap rate!!!
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Estimated Payment
$ 7,706.97 per month $6,120.31 Principal & Interest $784.58 Property Tax $802.08 Homeowner's InsuranceListing By
Agency Name: Sweet Key Realty Group Inc
Agency Contact: 347-323-2443
Shown By
Agency Title: Laffey Real Estate
Agency Phone: 1-888-289-6902
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1726 Summerfield Street | MLS# 1012669
This multi-family property located at 1726 Summerfield Street , Ridgewood, NY 11385 is currently listed for sale with an asking price of $2,750,000. Summerfield Street is located within the Contact Agent school district. Search Ridgewood real estate on www.laffey.com today.